Mathematics, 25.09.2021 14:00 natalie2sheffield
Fred Flintstone determines that he can save $200 a month from the ages of 35 to 60 with an APR=4.35%. How much money will be in his annuity at the age of 60? He plans that he will be able to "pay" himself $500 monthly for twenty-five years from ages 60 to 85 with a, APR of 5.2%. Round to the nearest dollar.
He saves:
He needs:
Will he have saved enough? If not, determine the amount he needs to save monthly from ages 35 to 60 in order to have reached his goal. Round to the nearest dollar.
please show your work !
Answers: 1
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Fred Flintstone determines that he can save $200 a month from the ages of 35 to 60 with an APR=4.35%...
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